The Financial Crisis Support Group

This community is dedicated to discussing the financial crisis of 2007-2008, which has had a worldwide impact on wealth, jobs and personal security. Our hope is that this community will focus on positive thoughts, real advice for adjusting your expenses and investments based on these changes, and support for one another as we go through this painful period.

If the fed who is supposed to guarantee your savings is insolvent, who is going to protect you ? Big biz private investors ?? Why would any private investor, corporate or individual, want to buy into a bankrupt bank or anything insolvent for that matter ?
For a dime on the dollar for every asset; read YOUR HOME and SAVINGS....... that's why !

How would you like for some big corporation you already owe your soul to take over and suddenly become your lender as well as owning your nest egg ??
What about some tycoon individual ???

Can't happen ? If the govt agency who is supposed to be protecting you gets their way, anyone could for a dime on the dollar and who knows, maybe even less if some big players need to cover their own interests !

81 already failed this year, with nothing more than a name change on the outside, does not mean they are now safe on the inside to put your life savings in.
And the few times I've seen forced sale of assets of some investor/developer/ borrower by one of these institutions, the only thing on the sale list is speed boats, fine art, or SUV's. Never anything of substance or real value. The cut up prime crop land with half finished McMansions never seem to get reclaimed by the public.

I've been preaching this for years boys and girls; you had better insulate yourselves from lenders and borrowed capitol and keep your assets under your own autonomous control.

This unregulated industry of lenders along with out of control investment/developer borrowers is who created this crisis, even back in the 80's with S&L's. And now every prayer for recovery is being handed right over to them.... for a dime on the d--n dollar !!.

Yes, explain insulate, please. What do we do, cash out of all the financial institutions and stuff our money ( or, what's left of it) in our mattress? I am not trying to be sarcastic, at all. I am sincere in my question.

Go long Oil Gold and Bonds. wave 3 to the downside is on the doorstep. V shaped recovery is hype.
The next two weeks will tell us the story. S&amp;P may have already turned 1149 seems its maximum short term upside and in high volitile days (echoes of long distant max volitile days) these two weeks in October are the all time worst two weeks in a calander year especially years ending in 7 and then 0, 4 and then 9. September is the worst month on average but there are two very dangerous weeks in October. The next worst month are November and then March. I think we will either see the S&amp;P turn south this next two weeks or the second week in November. DJIA will break the decade low of 6547 (March 09) some time next year in 2010. Fed to continually say they want a stronger $ but USD to continually devalue. Its beyond US Financial regulators help. The three countries that can do something about it are China, Saudies and Japan. Japan will be the first nation into Depression Q1 2010, followed by USA. Japan still has large USD stockpiles and is getting rid of them while they are worth something. China with its 1.4 Trillion $ stimulus package has spent 38% of it on stockpiling resources for the next 5 years growth. They are shutting steel mills but still buying record amounts of bauxite, coal and iron ore. I should hnow I'm in Australia. Honestly this place will float away soon we are exporting so much of it to China alternativly we could fill so many huge holes in the ground with water we could change the global climatic patterns and instead of being the dryiest continant on the planet we could become the second dryiest. Saudies still want US to pay Gold for Oil, theyve got two chances Buckleys and Nunn. Gold could retest 1030 before rallying to 1100 by christmas.
2010 s the year it will get nasty again re indexes. Comercial sub prime etc.
Did you know US Banking institutions have been allowed by Law to carry the book values of properties they had lent on prior to the sub prime melt down. These are the values they are currently carrying.
Talk about unethical. Comercial sub prime had longer honeymoon periods (5 years) not 2 years and they will start to hit the fan next year. US Govt cant hold the can for the three big auto's the two bigest banks and the largest Global insurer for ever. One of them has to give. Some how I dont think this Govt. will forcably engineer a phony war with an Arab state like the last Regime did. Some how I dont think Obama and his administration are that corrupt even if Iran does bate the living daylights out of the US.. Think N Korea is more of a work with an increasingly senile maniac old man at the helm. At least he's been quiet latley.
Either way US hasn't got the coin to throw at another large war and further have to cow tow to China for export revinue of high end technology in order for China to continue growing and have a beneficial knock on effect on Japan, ie try stemming the hemorage in Japan.
Will the USA be able to avoid the failed economic monetry policies of Japan through the '80's as the US is in their old shoes right now. Itsnot like there is much room to move re inflation adjustment unless they want to lace the economy into a deflationary scenario and we havnt seen that for a while. I think Obama would have a crack at re instituting Gold Standard before a deflationary scenario or perhaps he might introduce an Oil stsndard to anchor the economy seings Oil has replaced Gold as the secure commodity of choice since '75.
Oil to decouple and differentiate from the indexes as we go forward.

thanks ali5, not sure i understand but no surprise there, feeling pretty fucked at the moment, I am sure there are no &quot;easy&quot; or &quot;for sure&quot; answers.
Plan for the worst
HOPE FOR THE BEST
and yes I know:
Hope is not a plan

A friend sent this to me..As far as I can see, grief will never truly end.It may become softer overtime, more gentleand some days will feel sharp.But grief will last as long as Love does - ForeverIt's simply the way the absence of your loved onemanifests in your heart. A deep longing accompaniedby the deepest Love some days. The heavy fog mayreturn and the next day, it may recede.Once again, it's...

Today is my 25th birthday, to my somewhat lack of surprise I can see already no one really seems to care. I've always been the kinda person to make sure that everyone I Care about feels appreciated and knew somebody had their back. I can count 4 times this year when I Went out of my way to make sure a "friend" felt good on their birthday, especially if they got left hanging. Its early in the...

All content posted on this site is the responsibility of the party posting such content.
Participation on this site by a party does not imply endorsement of any other party's content,
products, or services. Content should not be used for medical advice, diagnosis, or treatment.